As Germany shuttered another of its nuclear power plants on New Year’s Day, the office of Indian prime minister Narendra Modi was said to be considering a proposal which would make coal more competitive with renewables in one of the world’s worst polluting nations.
In the past year, some climate change exchange-traded funds have outperformed and analysts expect the climate change theme to become a much bigger part of the stock market, taking its place as a large part of ESG investing and individual sectors.
Pennsylvania Governor Tom Wolf proposed Regional Greenhouse Gas Initiative (RGGI) legislation in the fall 2019 legislative season. By voting to join RGGI, Pennsylvania can reduce electricity rates, improve the state and regional economy, and make the state a leader in the global effort to combat climate change.
The fund has 70% less carbon emissions than its benchmark, the S&P/ASX 300 Total Return Index, because it’s typically underweight cyclical stocks in industries such as fossil fuels, steel and cement, transport and mining.
The Alliance for Clean Energy New York says in a report that putting a price on carbon will help New York meet its aggressive goal of 70% of its electricity coming from wind, solar and other renewable sources by 2030.
"In Washington and many other states, we are using innovation and cooperation to grow jobs and protect the planet. As Washington’s governor, I know firsthand the obstacles states face when they respond to increasingly devastating floods, wildfires, and earthquakes, and other catastrophes made worse by a changing climate."
The David and Goliath story is a common parable for the relationship between small, nimble startups and big, lumbering corporates — the new kid on the block swoops in and disrupts the old guard. Sometimes, it’s an apt comparison (just think about what happened to your local Blockbuster store), but often, corporates and startups can find opportunities working together that create better outcomes for everyone involved.
A major rain and wind storm struck the state at the close of October, knocking out power to some 115,000 customers. Among those affected, 1,100 homes managed to keep the lights on thanks to pilot programs specifically designed to promote resilient backup power with energy storage.
Finance for measures to cut climate-changing emissions and adapt to a hotter planet has grown to more than half a trillion dollars a year, but a “tectonic shift” is still needed to green economies and rein in global warming, analysts said.